CEO CAREER VARIETY: EFFECTS ON FIRM-LEVEL STRATEGIC AND SOCIAL NOVELTY

• 成果类型: Article
• 署名作者: Crossland, Craig; Zyung, Jinyong; Hiller, Nathan J.; Hambrick, Donald C.
• 署名单位: University of Notre Dame; Rice University; State University System of Florida; Florida International University; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
• 刊物名称: ACADEMY OF MANAGEMENT JOURNAL
• ISSN/ISSBN: 0001-4273
• DOI: 10.5465/amj.2012.0469
• 发表日期: 2014
• 页码: 652-674
• 关键词: TOP MANAGEMENT TEAM; GENERALIZED ESTIMATING EQUATIONS; MODERATING ROLE; UPPER ECHELONS; organizational performance; DIVERSIFICATION STRATEGY; BOUNDARYLESS CAREERS; SELECTIVE PERCEPTION; cognitive-ability; JOB-PERFORMANCE

摘要

We introduce the concept of CEO career variety -defined as the array of distinct professional and institutional experiences an executive has had prior to becoming CEO. Using a longitudinal sample of Fortune 250 CEOs, we hypothesize, and find strong evidence for the assertion, that CEO career variety is positively associated with firm-level strategic novelty-manifested in strategic dynamism (period-on-period change) and strategic distinctiveness (deviance from industry central tendencies). We also find mixed evidence that CEO career variety is positively associated with social novelty-manifested in top management team turnover and heterogeneity.